Interpublic Declares Dividend on Series A Preferred Stock
NEW YORK--(BUSINESS WIRE)--Feb. 24, 2004--The Board of Directors of The Interpublic Group of Companies, Inc. (NYSE:IPG) today declared a dividend of $0.6420 per share on any 5 3/8% Series A Mandatory Convertible Preferred Stock. The dividend is payable in cash on March 15, 2004 to any stockholders of record at the close of business on March 1, 2004. There will be a maximum of 7,475,000 shares of the Series A Mandatory Convertible Preferred Stock outstanding on March 1, 2004, resulting in a maximum possible aggregate dividend of $4,798,950.
About Interpublic
Interpublic is one of the world's leading organizations of advertising agencies and marketing services companies. Major global brands include Draft, Foote, Cone & Belding Worldwide, Golin/Harris International, Initiative Media, Lowe & Partners Worldwide, McCann-Erickson, Universal McCann and Weber Shandwick Worldwide. Leading domestic brands include Campbell-Ewald, Deutsch and Hill Holliday.
CONTACT: General Inquiries:
Financial Relations Board
Julie Tu, 212-445-8456
or
Media:
Interpublic Group of Companies, Inc.
Philippe Krakowsky, 212-399-8088
or
Analysts:
Interpublic Group of Companies, Inc.
Dan Leib, 212-621-5767
SOURCE: Interpublic Group of Companies, Inc.